This year 2018, investors are going to spend time discovering newer companies and their coins, especially those that do not cost the price of a new car.
As a result of this trend, bitcoin's dominance of the cryptocurrency market has fallen to its lowest level in five years. As of now, bitcoin’s market cap is accounting for 36% of the total value of all cryptocurrencies. In January 2017, bitcoin accounted for 80% of all trading in crypto.
The question is: can you make money while still thinking there is a bubble? Giving a straight answer: if you can afford to lose an amount which won’t make any meaningful difference in your life, then by all means, dabble.
If ripple coin has doubled in value, what are the odds of some other coins doubling too? Very high, in fact. Those odds are keeping investors looking down market at lower price coins like Bitshares and others.
Why Bitshares?
Think of BitShares as a decentralized company and BitAssets as its products.
So what does BitShares do? BitShares is a decentralized platform that allows users to enter into financial agreements with each other.
Prior to the invention of the blockchain, doing this in a decentralized way was impossible. In the past, you had to have a centralized trusted party to hold collateral and enforce agreements. Now, cryptocurrency can be used as collateral and the blockchain can be used to enforce contracts.
There are lots of different uses for this but we're going to start by looking at the world of derivatives. The union of blockchain smartcontracts and cryptocurrency technology is perfect for derivative markets.
The answer for WHY bitshares is DERIVATIVE MARKETS.
